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Advanced Financial Analysis

Why Attend

This course brings together the key elements of financial statement analysis. It will enable participants to ask the right questions, see the real risks facing businesses and investors, feel more confident in their ability to comment on business activities and performance, and analyze financial health for management. These skills and the required technical knowledge will be practiced throughout the course using interactive examples and case studies, putting theory and technique into context.

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Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, group exercises, and real-life published financial statements analysis using Excel to apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

Explain the impact of accounting treatments and methodologies on financial statements
Analyze the industry using Porter’s five forces model
Apply financial ratios analysis in Excel and report recommendations
Assess the quality of financial reports and reported earnings and cash flows
Forecast financial statements based on the analysis of the historical performance of a company

Target Audience

Chief accountants, accounting managers, senior accountants, finance directors, finance managers, financial analysts, financial controllers, financial accounts managers, heads of finance departments, credit controllers, credit risk analysts, bankers, and relationship managers.

Target Competencies

Interpreting financial statements
Reading annual reports
Financial analysis
Credit analysis
Financial forecasting and modeling

Note

This is a hands-on training course using laptops, which will be made available by Meirc Training & Consulting for courses held in the UAE. For courses outside the UAE, participants are required to bring their own laptops with a fully functioning version of Microsoft Excel (Office 365, Excel 2021 or higher).

This course is worth 25 NASBA CPEs.

Financial Statements and the Annual Report
- Understanding the income statement, balance sheet, and cash flow statement
- Other comprehensive income components
- Accounting considerations in financial analysis
  - Receivables and the Expected Credit Loss (ECL) provision
  - Fixed assets accounting options: Cost vs. Fair Value models
  - Accounting for capital expenditures and impairment
  - Impact of lease accounting
  - Various investment accounting considerations
  - Accounting treatment of goodwill
- Content of the annual financial report
- Non-financial elements of the annual financial report
- Types of external audit opinions
- Management Discussion and Analysis (MD&A)
Basics of Macroeconomic and Industry Analysis
- Macroeconomic factors to assess country exposure
- Indicators of Gross Domestic Product (GDP), unemployment rate, inflation and interest rates
- Deficit-to-GDP, debt-to-GDP, and GDP growth rates
- Industry analysis: Understanding Michael Porter's Five Forces shaping an industry's competitiveness
  - Threat of new entrants
  - Threat of substitutes
  - Bargaining power of buyers
  - Bargaining power of suppliers
  - Rivalry of competitors
- Segment reporting in annual reports
Financial Ratios Analysis Using Excel
- Common size analysis to improve comparability
- Calculating trends and growth patterns
- Ratio analysis to assess key aspects of company performance:
  - Profitability
  - Liquidity
  - Efficiency and working capital management
  - Financing structure and risk
  - DuPont analysis
- Altman Z-score to assess potential bankruptcy
- Using graphical representation
Assessing the Quality of Financial Reports
- Quality of financial reporting vs. quality of earnings
- Framework for assessing a company's quality of financial reports
- Potential problems that affect the quality of financial reports
- Beneish model: M-score to describe the degree to which earnings are manipulated
- Evaluating the earnings quality of a company
- Evaluating the cash flow quality of a company
- Indicators of financial position quality
- Sources of information about risk
Financial Forecasting Techniques for Analysts
- Revenue forecasting: Bottom-up versus top-down
- Forecasting cost of goods sold
- Forecasting fixed and variable costs
- Forecasting financial position accounts
  - Working capital: accounts receivables, inventory, payables
  - Fixed assets forecasting
  - Retained earnings and dividend pay-out policy
- Modeling financial statements forecast

National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Field of Study : Finance

Prerequisites : None

Advanced Preparation : None

Delivery Method : Group Live

Number of CPE credits : 25

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2026 Schedule & Fees

Per participant

1 - 5 Feb, 2026
Arabic
Dubai
Venue to be assigned

Per participant

28 Jun - 2 Jul, 2026
English
Dubai
Venue to be assigned

Per participant

26 - 30 Jul, 2026
English
Paris
Venue to be assigned

Per participant

16 - 20 Aug, 2026
Arabic
Dubai
Venue to be assigned

Per participant

4 - 8 Oct, 2026
English
Dubai
Venue to be assigned

Per participant

6 - 10 Dec, 2026
Arabic
Dubai
Venue to be assigned

This course is also offered in Virtual Learning, click on the course below.

Advanced Financial Analysis - Virtual Learning

1 - 5 Feb, 2026

Arabic

Virtual Learning

Advanced Financial Analysis - Virtual Learning

28 Jun - 2 Jul, 2026

English

Virtual Learning

Advanced Financial Analysis - Virtual Learning

16 - 20 Aug, 2026

Arabic

Virtual Learning

Overview

Course Methodology

Course Objectives

By the end of the course, participants will be able to:

Explain the impact of accounting treatments and methodologies on financial statements
Analyze the industry using Porter’s five forces model
Apply financial ratios analysis in Excel and report recommendations
Assess the quality of financial reports and reported earnings and cash flows
Forecast financial statements based on the analysis of the historical performance of a company

Target Audience

Target Competencies

Interpreting financial statements
Reading annual reports
Financial analysis
Credit analysis
Financial forecasting and modeling

Note

This course is worth 25 NASBA CPEs.

Course Outline

Financial Statements and the Annual Report
- Understanding the income statement, balance sheet, and cash flow statement
- Other comprehensive income components
- Accounting considerations in financial analysis
  - Receivables and the Expected Credit Loss (ECL) provision
  - Fixed assets accounting options: Cost vs. Fair Value models
  - Accounting for capital expenditures and impairment
  - Impact of lease accounting
  - Various investment accounting considerations
  - Accounting treatment of goodwill
- Content of the annual financial report
- Non-financial elements of the annual financial report
- Types of external audit opinions
- Management Discussion and Analysis (MD&A)
Basics of Macroeconomic and Industry Analysis
- Macroeconomic factors to assess country exposure
- Indicators of Gross Domestic Product (GDP), unemployment rate, inflation and interest rates
- Deficit-to-GDP, debt-to-GDP, and GDP growth rates
- Industry analysis: Understanding Michael Porter's Five Forces shaping an industry's competitiveness
  - Threat of new entrants
  - Threat of substitutes
  - Bargaining power of buyers
  - Bargaining power of suppliers
  - Rivalry of competitors
- Segment reporting in annual reports
Financial Ratios Analysis Using Excel
- Common size analysis to improve comparability
- Calculating trends and growth patterns
- Ratio analysis to assess key aspects of company performance:
  - Profitability
  - Liquidity
  - Efficiency and working capital management
  - Financing structure and risk
  - DuPont analysis
- Altman Z-score to assess potential bankruptcy
- Using graphical representation
Assessing the Quality of Financial Reports
- Quality of financial reporting vs. quality of earnings
- Framework for assessing a company's quality of financial reports
- Potential problems that affect the quality of financial reports
- Beneish model: M-score to describe the degree to which earnings are manipulated
- Evaluating the earnings quality of a company
- Evaluating the cash flow quality of a company
- Indicators of financial position quality
- Sources of information about risk
Financial Forecasting Techniques for Analysts
- Revenue forecasting: Bottom-up versus top-down
- Forecasting cost of goods sold
- Forecasting fixed and variable costs
- Forecasting financial position accounts
  - Working capital: accounts receivables, inventory, payables
  - Fixed assets forecasting
  - Retained earnings and dividend pay-out policy
- Modeling financial statements forecast